BTC and Ethereum weekly market commentary:
1) The daily upward trend remains healthy, with low trading volume over the weekend, but Sunday still set a new high, momentum is strong;
2) A large bullish candlestick on the weekly chart, with a multitude of forces coming together, and the net inflow of 1 billion from US ETFs on Friday adding fuel to the fire;
3) ETH rises to the strong resistance area near 3050 at the 0.618 level, but under the leadership of BTC, this resistance area will eventually be broken;
Summary: BTC is expected to continue rising next week, with the next target price around 130,000, followed by around 150,000. Ethereum will follow Bitcoin's rise, with a final target price around 4,000 USD.
$BTC $ETH
